Ingredion (NYSE:INGR) CEO Sells $1,160,604.90 in Stock

Ingredion Incorporated (NYSE:INGR) CEO James Zallie sold 9,958 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $116.55, for a total transaction of $1,160,604.90. Following the sale, the chief executive officer owned 33,011 shares of the company’s stock, valued at approximately $3,847,432.05. The trade was a 23.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Ingredion Trading Down 0.0%

INGR traded down $0.04 on Thursday, hitting $116.38. The company had a trading volume of 537,864 shares, compared to its average volume of 664,535. The company’s fifty day moving average price is $114.55 and its 200 day moving average price is $117.38. Ingredion Incorporated has a 1 year low of $102.31 and a 1 year high of $141.78. The company has a current ratio of 2.66, a quick ratio of 1.73 and a debt-to-equity ratio of 0.41. The firm has a market cap of $7.39 billion, a P/E ratio of 10.43, a PEG ratio of 0.93 and a beta of 0.71.

Ingredion (NYSE:INGR) last released its earnings results on Tuesday, February 3rd. The company reported $2.53 earnings per share for the quarter, missing the consensus estimate of $2.59 by ($0.06). Ingredion had a net margin of 10.10% and a return on equity of 17.32%. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same period in the prior year, the firm earned $2.63 earnings per share. The business’s revenue was down 2.4% compared to the same quarter last year. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. As a group, equities analysts expect that Ingredion Incorporated will post 11.14 earnings per share for the current year.

Ingredion Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Friday, January 2nd were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $3.28 annualized dividend and a yield of 2.8%. Ingredion’s payout ratio is 29.39%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. iA Financial set a $124.00 price target on Ingredion in a research note on Thursday, November 6th. Wall Street Zen cut shares of Ingredion from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Stephens restated an “equal weight” rating and issued a $120.00 target price on shares of Ingredion in a research note on Wednesday, February 4th. Jefferies Financial Group reiterated a “hold” rating on shares of Ingredion in a research note on Wednesday, February 4th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Ingredion in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $125.83.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of INGR. Vanguard Group Inc. increased its position in Ingredion by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 7,487,354 shares of the company’s stock worth $825,556,000 after purchasing an additional 208,606 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Ingredion by 6.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,939,536 shares of the company’s stock worth $324,118,000 after buying an additional 177,134 shares during the period. First Trust Advisors LP increased its position in shares of Ingredion by 90.9% in the fourth quarter. First Trust Advisors LP now owns 1,994,825 shares of the company’s stock worth $219,949,000 after acquiring an additional 950,006 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Ingredion by 53.3% in the fourth quarter. AQR Capital Management LLC now owns 1,826,018 shares of the company’s stock worth $201,337,000 after acquiring an additional 634,900 shares in the last quarter. Finally, Snyder Capital Management L P raised its stake in shares of Ingredion by 4.4% in the 4th quarter. Snyder Capital Management L P now owns 1,381,775 shares of the company’s stock valued at $152,355,000 after acquiring an additional 57,928 shares during the period. Institutional investors and hedge funds own 85.27% of the company’s stock.

About Ingredion

Ingredion Incorporated is a global ingredient solutions company specializing in the production and sale of starches, sweeteners, nutrition ingredients and biomaterials derived primarily from corn and other plant-based raw materials. The company serves a diverse set of industries, including food and beverage, brewing, pharmaceuticals and personal care, providing functional ingredients that enhance texture, stability, flavor and nutritional value in a wide array of end products.

The company’s product portfolio comprises native and modified starches, high-fructose corn syrup, dextrose, maltodextrins, specialty sweeteners and various texturizers.